CHWY – Chewy, Inc.
Big Picture SPY:
Downtrend on the daily chart, very good volume coming down but prices held. S1 is nearby at 312.77
Downtrend on the 30-MIN chart. Sellers are in control. See if can hold S1 312.17
If doesn´t be aware of S2 at 312.00
Still cannot break long resistance/all-time highs at 315.63
Long support still at 302.01
Avg. VOL: 2.32 M
Short FLOAT: 31.80%
Institutional Ownership: 747.13 %
Closest Support: 23.80
On the 30 Min chart, uptrend, buyers are in control. Good volume on the last day – 10-12-2019 at opening drive.
Be aware of long resistance at 26.35
Closest support at 24.95
Clear skies till 26.30 – resistance.
Unless a big change in the market, it’s a buy if holds 25.00 or above. Probably price will come down for VWAP and if bounces a buy.